Newsflash: Insurer’s latest executive reshuffle announced

Newsflash: Insurer’s latest executive reshuffle announced | Insurance Business

Newsflash: Insurer’s latest executive reshuffle announced
IAG New Zealand has announced two new executive appointments as part of its ongoing transformation programme since merging with Lumley Insurance.

The first relates to acting general manager at Lumley, Alistair Smith, who has been appointed to the role of chief financial officer/executive general manager actuarial & legal at IAG.

IAG’s current CFO Dan Coman has been seconded to EGM transformation hence the opening appeared.

Smith was previously chief operating officer at Lumley overseeing finance, procurement, business performance, IT, marketing and premium funding functions.

“Alistair will continue to oversee Lumley’s operations in the interim as IAG progresses its transformation programme,” IAG said in a statement.

The second role is a newly created position – EGM of strategy, people and corporate affairs – which has been given to Martin Hunter.

Hunter, who is currently IAG’s general counsel and head of risk and strategy, has been a senior leader at IAG for seven years.

Hunter had been accountable for the management and development of the legal and company secretarial function, risk and compliance, external relations and strategy teams.

The statement said Hunter had garnered much respect over that time.

Both appointments are intended to take effect from 15 September 2014.